BARK, Inc. (NYSE: BARK) received a preliminary non-binding indicative proposal letter from Great Dane Ventures, LLC.
The proposal suggests an all-cash transaction by Great Dane to acquire all outstanding shares of BARK at $0.90 per share.
A special committee of independent directors has been formed to review and evaluate the proposal.
Proposal Details
Acquisition proposal by Great Dane Ventures, LLC for all outstanding shares at $0.90 per share.
Special Committee
Independent directors forming a special committee to assess the proposal.
Cautionary Note
No definitive decision has been made regarding the acquisition proposal.
- The proposal could potentially lead to a significant change in BARK's ownership structure.
- The formation of a special committee indicates a thorough evaluation process of the proposed acquisition.
BARK's reception of the preliminary proposal marks a crucial point in the company's trajectory, requiring careful consideration and evaluation of the proposed acquisition. Further developments will be closely monitored by investors and stakeholders.